Updated: Virgin Galactic unveils commercial spaceship

This undated file photo provided by Virgin Galactic shows placement of the center beam during SpaceShipTwo's construction inside the Scaled Composites plant at the Mojave Airport in Mojave, Calif. (AP)LOS ANGELES -- A spacecraft designed to rocket wealthy tourists into space as early as 2011 was unveiled Monday in what backers of the venture hope will signal a new era in aviation history.

The long-awaited glimpse of SpaceShipTwo marks the first public appearance of a commercial passenger spacecraft. The project is bankrolled by Virgin Galactic founder, British billionaire Sir Richard Branson, who partnered with famed aviation designer Burt Rutan, the brains behind the venture.

"We want this program to be a whole new beginning in a commercial era of space travel," Branson said.

He is hopeful that they can begin the flights sometime in 2011, only after a series of rigorous safety tests. Branson said he, his family and Rutan would be the first people to make the trip to space aboard the craft.

SpaceShipTwo is based on Rutan's design of a stubby white prototype called SpaceShipOne. In 2004, SpaceShipOne captured the $10 million Ansari X Prize by becoming the first privately manned craft to reach space.

Since the historic feat, engineers from Rutan's Scaled Composites LLC have been laboring in a Mojave hangar to commercialize the prototype in heavy secrecy.

Hard work lies ahead before space journeys could become as routine as air travel.

Flight testing of White Knight Two has been ongoing for the past year. The first SpaceShipTwo test flights are expected to start next year.

It remains unclear when Virgin Galactic customers will receive their astronaut wings, but it will largely depend on how the test program fares. Some 300 clients have paid the $200,000 ticket or placed a deposit, according to the company.